Microfinance Growth Facility (MiGroF)
The main objective of this Facility is intended to facilitate sustained growth of micro and small enterprises in light of the contraction of international financing sources due to the global financial crisis. This facility seeks to partially compensate for the shortfall from the reduction of domestic and external sources of funding that MFIs are facing in the LAC region. The Facility will suply eligible MFIs and MIVs with medium and long term senior and subordinated loans, which in turn will be on-lent to thousands of micro and small enterprises.

Project Detail

Country

Regional

Project Number

RG-M1167

Approval Date

August 5, 2009

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 125,000.00

Country Counterpart Financing

USD 50,000.00

Original Amount Approved

USD 75,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-11725-RG Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-11725-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable